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IBM Reportedly planning acquisition of point-of-sale business Revel

IBM is reportedly planning a re-entry into the point-of-sale (POS) space. According to Bloomberg the firm is in discussions to acquire iPad-based POS company Revel Systems.
fintech-news

Red Dot Payment closes its Series B on $5.2m

Singapore-based Red Dot Payment has closed its Series B funding round picking up around $5.2m, which the company will use to improve its infrastructure.

WhatsApp rumoured to eyeing the Indonesian e-commerce market

Facebook’s messaging service might be about to strengthen its position in the Asian payments market as WhatsApp is rumoured to be talking with Indonesian digital payment firms.
fintech-news

China UMS lands $297m from Everbright-IDG

China Union Pay Merchant Service (China UMS) has received a $297m investment from Everbright-IDG Industrial Fund.

U.S. Bank acquires software startup talech

American U.S. Bank is expanding its digital expertise and offerings by buying talech for an undisclosed amount.
fintech-news

Thoma Bravo acquires payment processor ABC Financial

Payment processing solution provider ABC Financial Services has been acquired by Thoma Bravo for an undisclosed amount.

Wirecard and SES-imagotag are joining forces to boost in-store mobile payments

FinTech company Wirecard has teamed up with and SES-imagotag, a digital solutions for physical retail provider, to create a pay-to-tag solution.

Ramp lands $1.6bn valuation after fresh funding from Stripe, Goldman Sachs

Business card and expense management startup Ramp raised $115m at a valuation of $1.6bn, making it the latest entry in the growing list of unicorns this week.

Alipay and WeChat introduce new card service for people visiting China

Both WeChat and Alipay have introduced services that enable foreign visitors to China to use their credit cards via their services instead of bringing...

Alipay forms partnership with Finablr

Alipay has partnered with Finablr, a payments and foreign exchange platform, to allow its customers access to remittance services in 270 countries.

News Stories

Over $1bn was raised across the 21 FinTech deals to close this week - Get the lowdown here

Over $1bn was raised across the 21 FinTech deals to close this week –...

CyberTech and marketplace lending companies lead the way in this week's FinTech deals. A total of 21 deals were completed by FinTechs this week, with five of these being CyberTechs and another five being marketplace lending businesses. 
Huize makes strategic move into Vietnam with Global Care acquisition

Huize makes strategic move into Vietnam with Global Care acquisition

Huize Holding Limited, a leading insurance technology platform in Asia, has acquired Global Care Consulting Joint Stock Company, a pioneering InsurTech company in Vietnam, specializing in digital transformation solutions for the insurance industry.
Netchex and NEXT Insurance unite to transform payroll with new workers' compensation solution

Netchex and NEXT Insurance unite to transform payroll with new workers’ compensation solution

Netchex, a leader in payroll and HR software solutions, has partnered with NEXT Insurance, a pioneering force in digital insurance for small businesses.
Fortegra expands reach: New license enables operations across Belgium and EU

Fortegra expands reach: New license enables operations across Belgium and EU

Fortegra Group, a global specialty insurer and part of Tiptre, has officially received clearance to extend its operations to Belgium and the European Union.
Numerated receives investment from Citi to propel AI-driven commercial lending tech

Numerated receives investment from Citi to propel AI-driven commercial lending tech

Numerated, a pioneering FinTech company, has secured a strategic investment from Citi. This collaboration marks a significant endorsement for Numerated's innovative commercial lending solutions.

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